Tag Archives: Wealth inequality

Billionaires profit from a pandemic!

By Haritha Olaganathan US billionaires saw their collective wealth increase by $282 billion in the first twenty-three days of lockdown. Facebook’s CEO Mark Zuckerberg is the biggest financial reaper, as shares in the social media company have surged by almost 60% over the past two months. Another profiteer includes CEO of Amazon Jeff Bezos, whose wealth has increased by $25 ...

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Why Covid-19 is not the “great leveller”

By Robert Cosgrave The horrific Covid-19 crisis has graphically exposed the multiple inequalities and forms of oppression that lie at the heart of capitalism. Working-class people find themselves out of work and down on income. For those workers deemed essential, the same unacceptable workloads continue, with a lack of sufficient PPE provision or any increase in their wages from bosses ...

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A creature of capitalism: Why you should march against Trump

By Monika Janas The pathetic toadies in government will be rolling out the red carpet the billionaire bigot , “Grabber-in-chief”, US President, Donald Trump in November. There are many reasons why we should hit the streets when Trump arrives. He has shamelessly whipped up racism and Islamophobia, he is a misogynist, a climate-change denier and has virtually threatened nuclear war ...

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The failed “American dream”- Support rising for socialism in The US

The following article is from the Summer issue of Socialist Alternative, the magazine of the Socialist Party.  Decades of neo-liberalism, years of costly foreign wars and a financial bust have created unprecedented levels of social inequality in the world’s dominant capitalist nation. Katia Hancke looks at how these conditions are giving rise to new popular movements and a growing interest ...

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Capitalism: A failing system

A new book, The Rise and Fall of American Growth, analyses the downward course of the US economy – and the limits of the whole capitalist system. From the boom years to today’s slow growth and stagnant wages, the obscene wealth at the top and company cash piles, to capitalism’s inability to harness new technology fully. It all points to ...

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Panama Papers & tax havens: Super-rich hoard wealth

By Manus Lenihan Just 62 capitalists own as much wealth as the poorest 50% of the human race.   Between $21 and $32 trillion is in tax havens around the world. The Panama Papers reveal that 140 political leaders were clients of Mossack Fonseca. This is just one law firm that is estimated to control just 5% – 10% of the ...

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